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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: ED PLOPA who wrote (1067)	10/22/1997 11:54:00 PM
From: Mike Winn	Read Replies (1) \| Respond to of 60323

Insider's trading as of 9/17/97: stocksmart.com I wouldn't be alarmed with this level of selling. I think these insiders sold some shares to diversify or to make their life more confortable. Mr Eli did sell 20K shares in May '97 for a mere $12/share. He was not able to predict the future value of his stock himself.

To: ED PLOPA who wrote (1067)	10/23/1997 12:08:00 AM
From: Esa	Read Replies (1) \| Respond to of 60323

Average daily volume for SNDK has been 500 000 shares. Lets look what happened during last week: Oct 13 373k 14 -414k 15 -505k 16 -5169k 17 -1685k 20 -597k 21 -732k 22 -484k If the float is 5800k it looks like during Oct 16/17 almost 6900k shares were traded which is 120% of the float. (Since most of us did not trade the % is actually even higher). So who was trading and how? Why were the same stocks sold over and over? Or who was shorting? Are insiders allowed to lend their stocks for shorters? Esa

To: ED PLOPA who wrote (1067)	10/23/1997 10:25:00 AM
From: Sam	Read Replies (2) \| Respond to of 60323

Ed, "Then question then becomes, if the stock was so good why are the stockholders selling. I can probably give you one reason. Both the insiders and, especially, Seagate probably needs the cash." Seagate has over $2billion of cash, even counting the last 2 disastrous quarters. Their operations keeps throwing off new cash, more in fact than they can use profitably in the drive business alone. The only reason they would be selling is if they believe the stock is outrageously priced, or perhaps if they want to balance some of their short term hits (e.g., both the Thai currency hit and the lawsuit judgement against them) with some gains, effectively not paying taxes on their capital gains. But, contrary to what some others on this thread have said, I still think that it is possible that Seagate would finally buy all of SNDK. They have been looking for other businesses besides drives. They are already in software, perhaps they will stay there, and forego yet another brutal business like flash. But I wouldn't bet against it entirely, although they are obviously preoccupied right now with their other problems, and so wouldn't try anything until those problems get straightened out.